With hurricane season underway on the East Coast and extreme heat and drought currently affecting many parts of the country, American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, today published a new white paper, titled “ Sustainability and Resiliency Planning for Water Utilities.” The paper is posted in the Press Resources section of the company’s website at www.amwater.com.
During a significant weather event, a water utility’s level of preparedness can mean the difference between temporary inconveniences and serious health and environmental consequences. Since Americans rely on water utilities to provide drinking water and sanitation, water utility preparedness can greatly impact how quickly communities can recover from an emergency.
“Water and wastewater systems are built for resiliency and sustainability of operations during weather events or other circumstances that could potentially interrupt service, but the increasing frequency of significant events in recent years, caused by climate change, has created a renewed focus on business continuity planning and emergency response for water utilities,” says Jeff Sterba, President and Chief Executive Officer, American Water. “When events that were historically considered to be ‘100-year’ events happen more and more frequently, utilities must prepare for a new normal.”
The scientific community widely believes that climate change impacts include rising sea levels that contribute to increased destruction during severe storms, as well as increased droughts that severely impact agriculture, businesses, fire protection and drinking water supplies. According to American Water’s white paper, climate change is having a profound effect on how communities can reliably access clean water, causing poor water quality and scarcity and putting significant stress on the water infrastructure. In 2011 and 2012 alone, there were 25 climate-related extreme-weather events that each caused about $1 billion in economic damages.“Water is essential to life itself and the impact of climate change on water availability, flooding and drought is severe. Four years ago, American Water committed to reducing our carbon footprint by 16 percent by 2017 and we are on track to achieve our goal through innovation and reduced energy use. Sustainability and resiliency planning enables the water industry to serve our customers better while helping to address climate change,” said Sterba. In addition to climate change impacts, the critical state of the nation’s water and wastewater infrastructure, as well as “man-made” factors such as urbanization and population growth, are further contributors to the challenges water utilities face in planning for sustainability of operations.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV